Tri Pointe Homes (NYSE:TPH) Price Target Raised to $54.00

Tri Pointe Homes (NYSE:TPH) had its price objective increased by Oppenheimer from $46.00 to $54.00 in a research report report published on Friday morning, Benzinga reports. The brokerage currently has an outperform rating on the construction company’s stock.

Other analysts have also issued reports about the stock. Wedbush reissued a neutral rating and set a $42.00 target price on shares of Tri Pointe Homes in a research note on Thursday, July 25th. Royal Bank of Canada upped their target price on shares of Tri Pointe Homes from $42.00 to $48.00 and gave the stock an outperform rating in a research note on Friday. Finally, StockNews.com raised shares of Tri Pointe Homes from a hold rating to a buy rating in a research note on Friday, April 26th. One investment analyst has rated the stock with a hold rating and four have issued a buy rating to the company. According to MarketBeat, the company has a consensus rating of Moderate Buy and a consensus price target of $45.50.

Tri Pointe Homes Stock Performance

Shares of NYSE:TPH opened at $46.04 on Friday. The company has a current ratio of 1.29, a quick ratio of 1.29 and a debt-to-equity ratio of 0.30. Tri Pointe Homes has a 12 month low of $24.18 and a 12 month high of $47.78. The company has a market capitalization of $4.31 billion, a price-to-earnings ratio of 12.28, a PEG ratio of 0.76 and a beta of 1.59. The firm’s 50-day moving average is $39.27 and its 200 day moving average is $37.23.

Tri Pointe Homes (NYSE:TPH) last released its earnings results on Thursday, July 25th. The construction company reported $1.25 EPS for the quarter, beating analysts’ consensus estimates of $1.09 by $0.16. Tri Pointe Homes had a return on equity of 14.03% and a net margin of 10.28%. The firm had revenue of $1.13 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same quarter in the prior year, the firm posted $0.60 earnings per share. The company’s quarterly revenue was up 38.3% on a year-over-year basis. Research analysts predict that Tri Pointe Homes will post 4.66 EPS for the current year.

Insiders Place Their Bets

In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 56,567 shares of the firm’s stock in a transaction dated Thursday, May 9th. The shares were sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the transaction, the chief executive officer now owns 677,816 shares of the company’s stock, valued at approximately $26,963,520.48. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. In other Tri Pointe Homes news, CEO Douglas F. Bauer sold 56,567 shares of the stock in a transaction on Thursday, May 9th. The stock was sold at an average price of $39.78, for a total transaction of $2,250,235.26. Following the sale, the chief executive officer now owns 677,816 shares of the company’s stock, valued at approximately $26,963,520.48. The sale was disclosed in a legal filing with the Securities & Exchange Commission, which can be accessed through this hyperlink. Also, CFO Glenn J. Keeler sold 24,200 shares of Tri Pointe Homes stock in a transaction on Monday, July 29th. The shares were sold at an average price of $46.16, for a total value of $1,117,072.00. Following the completion of the transaction, the chief financial officer now owns 149,108 shares in the company, valued at $6,882,825.28. The disclosure for this sale can be found here. 2.00% of the stock is owned by company insiders.

Institutional Trading of Tri Pointe Homes

A number of institutional investors have recently modified their holdings of the company. Blue Trust Inc. lifted its position in Tri Pointe Homes by 73.8% during the fourth quarter. Blue Trust Inc. now owns 1,766 shares of the construction company’s stock valued at $63,000 after acquiring an additional 750 shares during the last quarter. AlphaMark Advisors LLC acquired a new stake in shares of Tri Pointe Homes in the 4th quarter worth $326,000. Nisa Investment Advisors LLC grew its stake in Tri Pointe Homes by 105.7% during the 4th quarter. Nisa Investment Advisors LLC now owns 1,362 shares of the construction company’s stock worth $48,000 after buying an additional 700 shares during the last quarter. Sequoia Financial Advisors LLC acquired a new position in Tri Pointe Homes during the 4th quarter valued at about $392,000. Finally, Cerity Partners LLC purchased a new stake in Tri Pointe Homes in the fourth quarter valued at about $206,000. 97.01% of the stock is currently owned by institutional investors.

About Tri Pointe Homes

Tri Pointe Homes, Inc engages in the design, construction, and sale of single-family attached and detached homes in the United States. The company operates through a portfolio of six regional home building brands comprising Maracay in Arizona; Pardee Homes in California and Nevada; Quadrant Homes in Washington; Trendmaker Homes in Texas; TRI Pointe Homes in California, Colorado, and the Carolinas; and Winchester Homes in Maryland and Northern Virginia.